Award

Reform Options Business Case Audit

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Award

10 Sep 2024 at 10:40

Award Notice
Summary of the contracting process

The West Midlands Combined Authority (WMCA), located in Birmingham, has completed the procurement process for the "Reform Options Business Case Audit," classified under Financial and Insurance Services. The procurement stage has concluded with an award. The contract, valued at £330,000, was awarded to ERNST & YOUNG LLP on 8th September 2024. The contract period runs from 2nd September 2024 to 25th November 2024. The project involves an independent audit of WMCA's proposed bus franchising scheme assessment, focusing on the quality of information and analysis, as well as adherence to the statutory guidance under the Bus Services Act 2017. The tender was conducted using a selective procurement method through a call-off from an existing framework agreement and was suitable for SMEs and VCSEs.

This tender provides significant opportunities for businesses specialising in financial and insurance services, particularly those experienced in conducting thorough and compliant audits. Companies with robust capabilities in producing quality assurance reports and offering expert opinions on financial assessments will find this project an excellent chance to demonstrate their expertise and secure a substantial contract. The awarded contract to a large firm like ERNST & YOUNG LLP indicates the level of competency needed, suggesting that well-established firms and growth-oriented SMEs with relevant qualifications could have effectively competed for this opportunity. Businesses seeking to expand their portfolio in public sector projects will find such contracts beneficial for business growth and enhanced reputation within the sector.

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Notice Information

Notice Title

Reform Options Business Case Audit

Notice Description

WMCA (the "Authority") is currently preparing an assessment of a proposed bus franchising scheme in accordance with section 123B of the Transport Act 2000 as amended by the Bus Services Act 2017 (the "Act"), and is producing a franchising assessment ('the Assessment"). As part of meeting the requirements under the Act, the Authority requires a suitably qualified organisation to undertake an audit of the Assessment (the "Auditor"), to provide an independent assurance report (the "Report") and to express an opinion in relation to the following areas required by section 123D of the Act: Whether the information relied upon by the Authority in considering the matters referred to in section 123B(3)(d) of the Act (the affordability of the scheme) or section 123B(3)(e) of the Act (the value for money of the proposed scheme) is of sufficient quality; Whether the analysis of that information in the Assessment is of sufficient quality; and Whether the Authority had due regard to the guidance issued under section 123B of the Act in preparing the Assessment.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e4806759-ca61-4735-a66f-15bf00d811ec
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2ae1a8b6-d4c2-4955-a18e-74505bd7b656
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£330,000 £100K-£500K
Lots Value
Not specified
Awards Value
£330,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20241 years ago
Submission Deadline
2 Jun 2024Expired
Future Notice Date
Not specified
Award Date
7 Sep 20241 years ago
Contract Period
1 Sep 2024 - 25 Nov 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WEST MIDLANDS COMBINED AUTHORITY
Contact Name
Susannah Turton
Contact Email
susannah.turton@wmca.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B19 3SD
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified
Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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